What that says to me is that the company could raise $61m in short time frame so that it can move ahead with its plans towards getting one of the world's best lithium assets producing and generating huge revenues for all shareholders. The discount is not that great. It would take far longer administratively to do this with retail investors. Granted that is not a great look if management has said no CR previously (i cannot recall that personally) but sometimes things change for the greater good. Time is really of the essence if you want to be a producing lithium company at the optimum time. At this rate we are going to be having 3 world class lithium producing assets on line in time for when demand for supply is at its greatest.
GXY Price at posting:
56.0¢ Sentiment: Buy Disclosure: Held
